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Aug 2, 2012
08/12
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it's $80 billion at most, at most, $1.3 trillion deficit. so it means that instead of $1.3 billion we'll add on $220 billion. the idea it reduces our debt is preposterous. five cents on the dollar of our debt. the real way to reduce debt is entitlement reform which obama won't go near. he opposes it and demagogues anything republican republicansy on that. tax reform in future but never speaks about it in the present. >> bret: i talk to business leaders and business owners who say listen, i'll pay the extra taxes. but i don't want to see the solyndras and the gsas and the waste in washington. >> nobody is saying that it's just raising taxes. it has to be part of abrader point. >> bret: that is it for panel. not it for this topic. we'll be back to it, i'm sure. stay tuned for more efforts to find that perfect slogan. . whoa, look at all those toys. insuring that stuff must be a pain. nah, he's probably got... [ dennis' voice ] allstate. they can bundle all your policies together. lot of paperwork. [ doug's voice ] actually... [ dennis' voice ]
it's $80 billion at most, at most, $1.3 trillion deficit. so it means that instead of $1.3 billion we'll add on $220 billion. the idea it reduces our debt is preposterous. five cents on the dollar of our debt. the real way to reduce debt is entitlement reform which obama won't go near. he opposes it and demagogues anything republican republicansy on that. tax reform in future but never speaks about it in the present. >> bret: i talk to business leaders and business owners who say listen,...
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Aug 28, 2012
08/12
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going to cut the deficit in half, for instance. you know, if you push the stimulus package through we'll see 5.6% unemployment in 2012. it's 60% higher. >> sean: it's supposed to be 5.6 higher. of. >> supposed to be 50% higher. the american people know it's time for a fresh start, time for a change. >> sean: how does governor romney answer the outright lies? we have fewer americans than when he took office. how do you answer that? >> wait a minute, there's a half million fewer jobs. the fracture i fact is when he o office, he inherited a tough economy. the question is what he did he do with it? he forced through policies he thought would work, established his own measurements, his standards, and they've not worked by his own standards. so, you know, most of us knew they wouldn't work because they were based on the time-honored principles we use in this country to create economic growth. we've got to hold him to that and say, look, folks, you might have voted for him last time, because he won ohio by five points. people there need t
going to cut the deficit in half, for instance. you know, if you push the stimulus package through we'll see 5.6% unemployment in 2012. it's 60% higher. >> sean: it's supposed to be 5.6 higher. of. >> supposed to be 50% higher. the american people know it's time for a fresh start, time for a change. >> sean: how does governor romney answer the outright lies? we have fewer americans than when he took office. how do you answer that? >> wait a minute, there's a half million...
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Nov 25, 2012
11/12
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if you think about it i would argue that the inability of the government to fix this borrowing debt deficit issue in the book, vice president biden's chief of staff, talking about the economic crisis in 2011, that's exactly what is going on. there is so much evidence that it is the biggest future. we are on the path becoming europe and greece. you just can't keep borrowing money. there is a stunning and fiction in this country, and we need some sort of we need some serious intervention. in the book, what i attempt to do is take people to the presidents and leaders and tell you exactly because of the luxury of time and my publisher, simon & schuster, i declined to get the meeting notes to get the exact detail to interview president obama and speaker boehner and the key players in this. i just want to take one quick snapshot from what happened that we didn't know about, which is critical. when the cops pull up less when the president was upset, he called the congressional leaders on a saturday morning at 11:00 o'clock a.m. the democratic and republican leaders were trying to work out their ow
if you think about it i would argue that the inability of the government to fix this borrowing debt deficit issue in the book, vice president biden's chief of staff, talking about the economic crisis in 2011, that's exactly what is going on. there is so much evidence that it is the biggest future. we are on the path becoming europe and greece. you just can't keep borrowing money. there is a stunning and fiction in this country, and we need some sort of we need some serious intervention. in the...
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May 24, 2012
05/12
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CNNW
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the spending and the deficit argument is far, far far down in second place. when you look at these numbers, what they found, independent organization, media organization, what they found is that the president's spending went up about 1.4% every year under president obama what had gone up over 10% under president bush. and that means it was basically flat. you do have the problem of the deficit going up because tax revenues went down because of the recession. so it's not -- you've got to really play with these numbers to see. what we do see, though, there hasn't been the explosion in spending that romney has been saying. >> no, and i don't want to get into the details of the numbers, but they also found federal spending under obama as a percent of gdp is higher than most of the past 60 years and the obama health care plan isn't even included in any of these numbers. so i understand numbers can be made to look a lot of different ways. but i think one thing to take away from this is the president's story on this is much better than a lot of the american people g
the spending and the deficit argument is far, far far down in second place. when you look at these numbers, what they found, independent organization, media organization, what they found is that the president's spending went up about 1.4% every year under president obama what had gone up over 10% under president bush. and that means it was basically flat. you do have the problem of the deficit going up because tax revenues went down because of the recession. so it's not -- you've got to really...
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Apr 15, 2012
04/12
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keynesian, large deficits. i mean, a couple of times, even a year-and-a-half ago, expressed concern about the law's deficit. i don't think he calls himself a keynesian. the mayor may not agree with everything he has done, but, you know, the federal reserve has not been to related to the type of keynesian policies. >> town hall. other government money was spent. to you have any positive or negative feelings on some of the broadbased tax cuts contemporary that were included? >> there were done the wrong way. one thing that reagan, i think, try to get across to people, the important thing is a marginal tax rate. how much do you have to pay the government for each additional dollar you earn? government takes more added each additional dollar, yet not going to have the same incentives to go and work hard and expand the pie as you would have otherwise. the problem is, the type of text us that we had, credits and deductions to mike that phasedown along with other ones. phasedown is the more money. what happened was, t
keynesian, large deficits. i mean, a couple of times, even a year-and-a-half ago, expressed concern about the law's deficit. i don't think he calls himself a keynesian. the mayor may not agree with everything he has done, but, you know, the federal reserve has not been to related to the type of keynesian policies. >> town hall. other government money was spent. to you have any positive or negative feelings on some of the broadbased tax cuts contemporary that were included? >> there...
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Aug 10, 2012
08/12
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CURRENT
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trade deficit means job deficit in the united states. they need to understand that connection. >> absolutely. >> jennifer: in addition to trade, you say that if the united states wants to restore the american dream that we should be able to learn something from germany. specifically in addition to trade policy, what would that be? >> well, one of the things that the germans have apparently done in this last down turn rather than just letting people laid off, i mean, the germans develop a program where they began paying industries, companies let's just say you're a small company, 100 men your business is down. rather than cutting off 20% of your workforce, they decided to pay for those men including benefits on the idea once the economy recovered you wouldn't have to retrain people. you'd have that workforce trained and ready to go once the economy came back. obviously from a human standpoint that was better, and from an economic stand point it was better. >> jennifer: so just to be clear, before you move off of that, so people understand
trade deficit means job deficit in the united states. they need to understand that connection. >> absolutely. >> jennifer: in addition to trade, you say that if the united states wants to restore the american dream that we should be able to learn something from germany. specifically in addition to trade policy, what would that be? >> well, one of the things that the germans have apparently done in this last down turn rather than just letting people laid off, i mean, the...
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Feb 13, 2012
02/12
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the points i want to make in terms of the debts and deficits shown in this budget are the debts and deficits we are already -- we have a huge risk in terms of interest rate increases which would dramatically increase our cost of interest. for every 1%, add a trillion to our deficits. because of our increased growth, the president is going to increase taxes. that will harm economic growth and for every 1% that we reduce growth by, add $3.1 trillion on to our deficit. nobody's really talking about the true cost of obama care. we sent out a letter last week by 38 republican senators asking cbo to reassess the number of people that will lose their health care coverage. a will add trillions on to the cost of obama care and on to our deficit. so we need to seriously take -- and this president's budget simply does not do that, it's a true failure of leadership. >> at a time of trillion dollar deficits and a record debt at a time when we're spending as a federal government more than we have spent since world war ii, the budget sent by the president is irresponsible. it does not address the fiscal cr
the points i want to make in terms of the debts and deficits shown in this budget are the debts and deficits we are already -- we have a huge risk in terms of interest rate increases which would dramatically increase our cost of interest. for every 1%, add a trillion to our deficits. because of our increased growth, the president is going to increase taxes. that will harm economic growth and for every 1% that we reduce growth by, add $3.1 trillion on to our deficit. nobody's really talking...
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Apr 15, 2012
04/12
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so he expressed concern about the large deficit that we have had. i don't think he probably couldn't would call himself the keynesian. i would agree with everything he has done, but you know, the federal reserve hasn't been too related to this type of keynesian policy that obama has been doing. >> other questions? here you go. >> kevin with town hall. you obviously won over a lot of how the government money was spent in the stimulus. do you have any positive or negative feelings on some of the more broad-based tax cuts, temporary that were included as a stimulus and whether they were positive or negative or not very useful at all for this economy? >> well, i mean obama often talks about the tax cuts that were in the stimulus. the problem is they were down the wrong way. if there is one thing that reagan i think tried to get across to people is the important thing is the marginal tax rate. how much do you have to pay the government for each additional dollar that you aren't? the government takes more out of each additional dollar and you're not going
so he expressed concern about the large deficit that we have had. i don't think he probably couldn't would call himself the keynesian. i would agree with everything he has done, but you know, the federal reserve hasn't been too related to this type of keynesian policy that obama has been doing. >> other questions? here you go. >> kevin with town hall. you obviously won over a lot of how the government money was spent in the stimulus. do you have any positive or negative feelings on...
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Oct 11, 2012
10/12
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for social security i have a bill that fixes social security for 75 years, wipes out a $6 trillion deficit, gradually raised the age to 70's over 20-year period starting with 56 and under and what we do is means test the benefit. the wealthy people get less. if you are wealthy you get a little bit less if you made a decent income. >>neil: here is where both sides risk putting people to sleep. you slain this in bake terms if they outwork each other, no, you are going to steel $700 billion from medicare, no, no, no, you are going to take $700 billion. >>guest: you going to. >>neil: here we go, back-and-forth. how do they avoid that and not leave people at home watching totally confused? >>guest: the main thing to get across, are you willing to do something to save medicare? to save social security? or are you going to say i'm not touching either of them and i will not do anything and i am opposed to all reform. >>neil: the way we are going now is not sustainable why not say that? >>guest: you can but you have to put forward a reform. president obama has not put forward a reform. i sat this f
for social security i have a bill that fixes social security for 75 years, wipes out a $6 trillion deficit, gradually raised the age to 70's over 20-year period starting with 56 and under and what we do is means test the benefit. the wealthy people get less. if you are wealthy you get a little bit less if you made a decent income. >>neil: here is where both sides risk putting people to sleep. you slain this in bake terms if they outwork each other, no, you are going to steel $700 billion...
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Aug 11, 2012
08/12
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WETA
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we could balance the budget, reduce the deficit. >> that is why when you heard the end of the space flight, he -- the week in and read the weeping when the space was ended, he was the person that said that capability. i think they demonstrated that. >> we have pulled off of the deal with the europeans to do this again. russians. >> i think it is magnificent, -- now they are doing this with the russians. >> i think it was magnificent, and it is a big enough event and exciting enough that it can inspire kids again to think about space, engineering, and look at the cool things they can do. >> roger? >> ended is cheap. -- and it is cheap. nasa's budget is $17.8 billion a year. the military budget is $680 billion a year in know, we could do this, -- and, you know, we could do this, and we should continue searching space, and then look for signs of intelligent life on earth. [laughter] >> it is clear we have this fantastic technology. this is the one place that government is able to do stuff the private sector cannot. this is pure science. that is why nih does. -- that is what n.h. does. nih doe
we could balance the budget, reduce the deficit. >> that is why when you heard the end of the space flight, he -- the week in and read the weeping when the space was ended, he was the person that said that capability. i think they demonstrated that. >> we have pulled off of the deal with the europeans to do this again. russians. >> i think it is magnificent, -- now they are doing this with the russians. >> i think it was magnificent, and it is a big enough event and...
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Aug 20, 2012
08/12
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dear rid of the deficit, -- get rid of the deficit, and then we will get rid of programs i do not need. i look at every program and say is this so critical it is worth borrowing money from china to pay for it? on that basis we will get rid of programs like obama care and some others. we will take a lot of programs and send them back to states where they can be run more efficiently and with less fraud and abuse. no. 3, we will skinny down the size of the federal work force that remains to make sure it is more productive. how do you get to a balanced budget and start paying off the debt? there are three mathematical ways you could do that. one issue could raise taxes. -- one is you could raise taxes. i am not going to do that. one democrat said just raise taxes, what they do not understand is that slows down growth. you will never get to the balanced budget by raising taxes. you have to encourage growth. that is why our focus -- policy are focused on bringing down spending and continuing growth. we want to grow this economy and cut federal spending. you do those things, we get to a balan
dear rid of the deficit, -- get rid of the deficit, and then we will get rid of programs i do not need. i look at every program and say is this so critical it is worth borrowing money from china to pay for it? on that basis we will get rid of programs like obama care and some others. we will take a lot of programs and send them back to states where they can be run more efficiently and with less fraud and abuse. no. 3, we will skinny down the size of the federal work force that remains to make...
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Feb 14, 2012
02/12
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we're talking about the deficit over $1 trillion. a deficit of 900 + trillion dollars. these are historic levels. >> are these comparable? >> these are gimmicks that i do not think have ever perceived to be appropriate to be useful. oco. to say -- you will see the transportation funding has been paid for include -- assuming we will get savings in iraq and afghanistan. the aircraft and republicans look at this as a budget gimmick to be used in the context of the super committee for payroll tax and determined it was not appropriate. you have the president putting it out there. hundreds of billions of dollars. the troops are coming home from iraq and afghanistan. i think these are at a new level. you also have to look at what this budget does in terms of long-term debt. instead of reducing the debt, it increases it. not just by a few trillion. sometimes between $14.12 dollars trillion. the historic numbers of dead we have seen and are not fair to future generations are increase dramatically to the point that the debt will be over $25 trillion 10 years from now. >> we did a
we're talking about the deficit over $1 trillion. a deficit of 900 + trillion dollars. these are historic levels. >> are these comparable? >> these are gimmicks that i do not think have ever perceived to be appropriate to be useful. oco. to say -- you will see the transportation funding has been paid for include -- assuming we will get savings in iraq and afghanistan. the aircraft and republicans look at this as a budget gimmick to be used in the context of the super committee for...
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Sep 27, 2012
09/12
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he promised to cut the deficit at the end of his first term. he's blown a hole in the deficit large enough to drive a mack truck through. >> sean: i want to go to ralph's point here. this president said the republicans want dirty air and water, that mitt romney is pretty much a murderer, they want kids with autism, down syndromes and the elderly to fend for themselves. this president has never been asked why he said those things and why he believes them. >> it's simple. there's 23 million giving up looking for work. you engage in personal attacks on your opponent. it's not going to work. i'll tell you why, it's not going to work because the failed economic record of this president, and it's not going to work because he's out of step with the values of mainstream perq. it doesn't how much they try to smear romney's faith, those personal attacks -- >> sean: he agree. >> when senator reid said this, and i don't think it was fortunate to say this, but when he said this about mitt romney's faith, we come after him, how come it was okay to for john b
he promised to cut the deficit at the end of his first term. he's blown a hole in the deficit large enough to drive a mack truck through. >> sean: i want to go to ralph's point here. this president said the republicans want dirty air and water, that mitt romney is pretty much a murderer, they want kids with autism, down syndromes and the elderly to fend for themselves. this president has never been asked why he said those things and why he believes them. >> it's simple. there's 23...
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Nov 11, 2012
11/12
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he is running up deficits up $6.70 trillion. the size of his solution compared to the problems are not even in the same ballpark. that is why he is in there. he jumped to that promise. he sounds like he was not going to but when he got specific he made it clear in a year from now the middle class might target this. so no whining, all you peasants out there. >> if sometime in the next few weeks there is an agreement here that closes loopholes but does not yet lower those rates, is that violation? >> republicans would not support it. it would violate the pledge that most republicans have made to their constituents. not to me, as harry reid and mr. biden say. there are three things that people campaign that obama made more confusing. all the people behind him and no press questions, covered as if it were a press conference. one is all the bush tax cut laps that predate bush that they let lapse every two or four years. if that happens on january 5, it did raise taxes $500 billion a year. i guess this is the $5 trillion tax cut that
he is running up deficits up $6.70 trillion. the size of his solution compared to the problems are not even in the same ballpark. that is why he is in there. he jumped to that promise. he sounds like he was not going to but when he got specific he made it clear in a year from now the middle class might target this. so no whining, all you peasants out there. >> if sometime in the next few weeks there is an agreement here that closes loopholes but does not yet lower those rates, is that...
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Dec 30, 2012
12/12
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are you going to pay down the deficit? if you are going to use it for more government spending we don't want a part of it. senator mcconnell on the republican side seemed to get frustrated because he felt like the democrats were slow walking the th, 18 hours without a response. mcconnell made a call to a well known senator, joe biden to see if he could help. >> we're willing to work with whoever can help. no single issue remains an impossible sticking point. a sticking point appears to be a willingness and interest or frankly the courage to close the deal. >> reporter: as senate aide says it was designed to try to jumpstart the talks and consequences of getting a tax increase is a huge concern. >> gregg: what went awry in these talks? >> you heard senator thune. a fiscal cliff deal is a new way calculating inflation that would lower social security payments. democrats say they would do it as part of much bigger deal but it was off the table for the smaller deal they are working on. so democrats called it a poison pill. >>
are you going to pay down the deficit? if you are going to use it for more government spending we don't want a part of it. senator mcconnell on the republican side seemed to get frustrated because he felt like the democrats were slow walking the th, 18 hours without a response. mcconnell made a call to a well known senator, joe biden to see if he could help. >> we're willing to work with whoever can help. no single issue remains an impossible sticking point. a sticking point appears to be...
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Feb 2, 2012
02/12
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when it incurs a deficit of 1 to $1.5 trillion a year it needs to tell the people what that deficit actually is and what the truly liabilities are on the books. so that it can't make it look like we're balancing what we're not and it can't make it look like we're borrowing less than we are. i commend the sponsors and urge all of my colleagues in both houses and both parties to support this legislation. thank you. >> thank you, martha, for letting us go. we've got a 1:00 that most of our members have to be at. we turn it over to you. >> thank you to our colleagues in the senate for your leadership. anyone who needs to leave, please feel free. >> i think i'm batting first here for the house members. i need to get everybody ready here. we have a news flash. government has been lying to hard-working taxpayers about how we spend money. here's your follow-up story, though. the american people know it, all right? they know it already. and that's the joke that has been going on at so many different levels of government. and i got to tell you that they know in their heart. they know in their gut when
when it incurs a deficit of 1 to $1.5 trillion a year it needs to tell the people what that deficit actually is and what the truly liabilities are on the books. so that it can't make it look like we're balancing what we're not and it can't make it look like we're borrowing less than we are. i commend the sponsors and urge all of my colleagues in both houses and both parties to support this legislation. thank you. >> thank you, martha, for letting us go. we've got a 1:00 that most of our...
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Sep 27, 2012
09/12
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that's what's added $4 trillion to our deficit. i mean, think about that. so we've created a mountain of debt for the next generation that they're going to have to pay off. >> sean: remember, under obama's watch household income has plummeted more than 8%, and he's added more debt than almost all of his predecessors combined. the president doesn't want to talk about his record because it's a record of failure. he's been disengaged from the moment he took office. not only is he not willing to meet with world leaders bike prime minister benjamin netanyahu, not willing to reach across the isle about serious matters. massive cuts and our defense are looming. the massive tax hike in history is imminent. mr. president, the solutions to those problems won't be reached by sitting on the couch of the "the view," nor found in jay-z's nightclub, nor in george clooney house. the author of a brand-new "new york times" bestseller is here. bob woodward. you said this is a moment of maximum peril. you described a president not engaged in terms of relationships to fix the p
that's what's added $4 trillion to our deficit. i mean, think about that. so we've created a mountain of debt for the next generation that they're going to have to pay off. >> sean: remember, under obama's watch household income has plummeted more than 8%, and he's added more debt than almost all of his predecessors combined. the president doesn't want to talk about his record because it's a record of failure. he's been disengaged from the moment he took office. not only is he not willing...
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Feb 2, 2012
02/12
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CSPAN3
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we're looking at record deficits, a soaring debt. yesterday the congressional budget office tells us that we're looking at trillion dollar deficits into the future and actually adding trillions of dollars more debt in the next ten years if we continue on this trajectory. and it is hurting the economy right now. it's like a wet blanket over the economy, creating uncertainty, unpredictability and keeping us from creating the jobs all of us so desperately want to see. let me mention three things this would stop, that don't make any sense. first of all, right now, in congress, we typically evade spending caps simply by designating something an emergency. this would stop that process, one, by being sure you had to have not just a majority vote but a three-fifths vote to move forward with an emergency and better defining what an emergency is. it's a way, frankly, over the years, congress has done a lot of spending it shouldn't have done. second, congress can cover up deficit limit breaches by shifting tax payments or shifting spending refo
we're looking at record deficits, a soaring debt. yesterday the congressional budget office tells us that we're looking at trillion dollar deficits into the future and actually adding trillions of dollars more debt in the next ten years if we continue on this trajectory. and it is hurting the economy right now. it's like a wet blanket over the economy, creating uncertainty, unpredictability and keeping us from creating the jobs all of us so desperately want to see. let me mention three things...
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Dec 30, 2012
12/12
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is in the white house, deficits don't matter. can you tell us a little bit about the philosophies of the two candidates? well now, the president and the ex-candidate. will the situation be that much different if there was a different man in the white house? guest: well, look, it's an interesting question. it is certainly true that tax policy was one of the key sort of issues in the last election. and actually, the debate that we're having if it sounds familiar, it's because we've had it several times before. it was really a similar debate to what we had in 2008. we had the same debate in 2010. we had a similar debate in 2011 when we were dealing with the debt ceiling issue the first time around. and we dealt it with it in the last election. and the differences have always been that president obama has maintained that tax cuts should be allowed to expire for people making more than $250,000. mitt romney called for extending all the tax cuts fully. and making other changes to the tax code. but, you know, i mean, he wouldn't be in o
is in the white house, deficits don't matter. can you tell us a little bit about the philosophies of the two candidates? well now, the president and the ex-candidate. will the situation be that much different if there was a different man in the white house? guest: well, look, it's an interesting question. it is certainly true that tax policy was one of the key sort of issues in the last election. and actually, the debate that we're having if it sounds familiar, it's because we've had it several...
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Nov 11, 2012
11/12
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what he did in his budget he takes $2 trillion in law and cast that as deficit reduction. he counts that as his contribution to this effort. yesterday he announced that half of it yet taken back off the table. -- he had taken back off the table. let's fix the tax question. let's fix the sequestered. i am for something big. it is called the rise in budget. -- ryan but it. >> is that in any way of life right now after the election? >> it will not pass this year. what the election really did was solidified the modern republican party as the party as the solution to the crisis at in deficits and entitlement spending and taxes, the rise in budget. twice they have passed this -- could have passed this. it has been voted on twice. everyone coming back to offices either run as a supporter of ryan or vote for it. republicans swept old people. brian does that happen until you get a different president. it is the future. >> we have about six minutes left. >> you're making the case that the republican party did not lose as badly as people are saying and the president does not have as
what he did in his budget he takes $2 trillion in law and cast that as deficit reduction. he counts that as his contribution to this effort. yesterday he announced that half of it yet taken back off the table. -- he had taken back off the table. let's fix the tax question. let's fix the sequestered. i am for something big. it is called the rise in budget. -- ryan but it. >> is that in any way of life right now after the election? >> it will not pass this year. what the election...
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Mar 13, 2012
03/12
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almost $100 billion spike from earlier deficit projections comes exclusively because congress passed legislation recommended by president obama renug that 2% point cut in payroll taxes. the congressional budget office report comes as republicans controlling the house are preparing for this year's budget debate which some say will be spilling over into the presidential debate. >>> supporters of rush limbaugh have initiated a counterpetition to keep him on armed forces network radio, according to the military times. limbaugh has been a target of a campaign by democrats forcing advertisers to drop his job. after he called sandra fluke, a couple of not so nice words. as part of the campaign a petition was initiated on the website to remove limbaugh from armed forces network radio, now there is a counterpetition there. petitioners have one month to gather 25,000 electronic signatures. if they can get that they'll have a official white house response. >>> some debate among purists whether tomorrow's white house dinner for david came vonn a state dinner, since the queen is the head of state
almost $100 billion spike from earlier deficit projections comes exclusively because congress passed legislation recommended by president obama renug that 2% point cut in payroll taxes. the congressional budget office report comes as republicans controlling the house are preparing for this year's budget debate which some say will be spilling over into the presidential debate. >>> supporters of rush limbaugh have initiated a counterpetition to keep him on armed forces network radio,...
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May 11, 2012
05/12
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the republican plan would shrink deficits by $243 over two years. it's setting up a new budget battle with democrats. harry reid is going to honor the sequester in the original form. >>> and mitt romney isn't the only one hitting the commencement circuit. this afternoon, first lady michelle obama will speak in front of virginia tech and friends and family. she will follow that up with a commencement speech at north carolina a and t this weekend. >>> well, as you heard from david gregory, the largest bank in the united states has lost $2 billion in the last two weeks after the company made bad hedges, if you will, with its own money. and since we're minutes away from the opening bell, let's go to becky quick for more. jam knee jamie dimon called it himself, an egg on the face. >> yes. it's a big blunder and wall street has seen him as a great guy with a great risk manager. it goes to prove, ok. $2 billion is a huge blunder. he took this and said, we metsed up. he said just because they were stupid doesn't mean all of the others were stupid. he doesn'
the republican plan would shrink deficits by $243 over two years. it's setting up a new budget battle with democrats. harry reid is going to honor the sequester in the original form. >>> and mitt romney isn't the only one hitting the commencement circuit. this afternoon, first lady michelle obama will speak in front of virginia tech and friends and family. she will follow that up with a commencement speech at north carolina a and t this weekend. >>> well, as you heard from...
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Aug 4, 2012
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secondly, that voted block is the one that will pay the bill for the unacceptable tax and debt and deficit policies over the last 30 years. we are saying, we want to get back on track, balance the budget. romney is the only one talking about it. let me tell you what the real answer is for these young folks. when we all travel and try to recruit jobs in virginia and louisiana and new jersey, the top thing they want to know about is what are you going to do long term to give me the trains, motivated, world-class employment to sustain my business in the long haul? we have our work cut out for us. we have a great education system. we have betrayed -- the best workers in the world. we do not have the focus and the work force training for those young people, we are not going to cut it. . we are at the lowest level of new startup businesses in america in 30 years. think about that. small businesses are 90% of all of the businesses. there is no way to create the state in economic growth we need to keep america the hope of the earth. you have to have the next steve jobs or bill gates to do the job.
secondly, that voted block is the one that will pay the bill for the unacceptable tax and debt and deficit policies over the last 30 years. we are saying, we want to get back on track, balance the budget. romney is the only one talking about it. let me tell you what the real answer is for these young folks. when we all travel and try to recruit jobs in virginia and louisiana and new jersey, the top thing they want to know about is what are you going to do long term to give me the trains,...
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May 16, 2012
05/12
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schwarzenegger left him with a $20 million deficit. he managed to get thatnd control and because of the -- he's facing a deeper hole. he's going to the people with a revenue request to look at the wealthiest among us and see if they could pay a little bit more. i hope we'll all support that. we can do this, you know, is the problems are so to the right that they won't agree to a balanced approach to deficits. we know how to cure it. you meet in the middle. you do cuts and you do revenues. that's what the governor wants to do and we'll be fine if we do that. but we've got the same, you know, polarization there that we see here. where revenues are off the table for people who are making millions and billions of dollars and it doesn't make any sense. >> never mind the referendum issue but that a whole other can of worms. i won't open it up now. >> well, we're going to see how people feel. >> senator barbara boxer, thanks for coming on this morning. >> thank you. >> well, today could be a big day, a blockbuster witness day. who takes the s
schwarzenegger left him with a $20 million deficit. he managed to get thatnd control and because of the -- he's facing a deeper hole. he's going to the people with a revenue request to look at the wealthiest among us and see if they could pay a little bit more. i hope we'll all support that. we can do this, you know, is the problems are so to the right that they won't agree to a balanced approach to deficits. we know how to cure it. you meet in the middle. you do cuts and you do revenues....
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Apr 1, 2012
04/12
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his keeps adding to the debt and deficit. paul has put us on a path that begins to pay that down over time and get us to balance. we think the american people expect us to do what they have to do. that is get to balance in a reasonable time. quit spending more than you take in, particularly when you have a $16 trillion debt. that is why we have offered our plan. it fits with what most american families and business owners view as common sense. >> would they expect members of the republican senate committee would hold together and not support the ryan plan to push for your own budget? >> i think you will see a lot of republicans back our budget. the president's budget was offered as an alternative. not one single member of congress, not one single democrat supported the president's plan. you will see a lot of members vote for our budget. my gut tells me you will not get 218, which is what we need to pass something in the house of representatives. i wish we could. >> what stops people from supporting it? >> if we could have got
his keeps adding to the debt and deficit. paul has put us on a path that begins to pay that down over time and get us to balance. we think the american people expect us to do what they have to do. that is get to balance in a reasonable time. quit spending more than you take in, particularly when you have a $16 trillion debt. that is why we have offered our plan. it fits with what most american families and business owners view as common sense. >> would they expect members of the...
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Aug 16, 2012
08/12
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CNBC
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tax reform is hard, just like getting rid of deficits is hard. no matter what anybody says, they resist tax reform, but it can be done. we got the top rate down to 28%. we lowered the rate on capital gains. we made a real step in the right direction. they can do that again now. >> you had an economic boom having gone through that. it was absolutely fantastic. tennis, do you have to divide and conquer, take a separate tax piece and vote on it, a separate spending piece, a separate defense piece? is that how it has to be done? say romney comes in and he's got his man, ryan. i will talk about ryan in a second. in order to get something done in the first, i don't know, 30, 60, 100 days before the markets melt down and the economy melts down, do you have to divide and conquer each piece separately or can you do it in one omnibus bill? >> i i think it has to be the omnibus bill or procedure. you say, this is what we have to spend. right now our spending rate this year is 48%. out of every $2 spent, $1. we have to expand the tax base. everyone can agree
tax reform is hard, just like getting rid of deficits is hard. no matter what anybody says, they resist tax reform, but it can be done. we got the top rate down to 28%. we lowered the rate on capital gains. we made a real step in the right direction. they can do that again now. >> you had an economic boom having gone through that. it was absolutely fantastic. tennis, do you have to divide and conquer, take a separate tax piece and vote on it, a separate spending piece, a separate defense...
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Jun 29, 2012
06/12
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deficit and debt reduction that has to have a very serious, calculated plan and program approach to it. that is not sequestration. the room for error in the defense industry is actually much smaller than many people a few years ago would have told you. >> i'll end on three quick points. first, december piet a real diversity of folks on different panels, there has been a fair census around and the main one being the insanity of the predicament that we have placed ourselves into. placed ourselves into in the long term. but also place ourselves into in the short term. we may have disagreement on what to do next. but i think that's a big take away from me is that no one supporting this me ax-like approach. the second is the notion that these lean times will force politically painful choices. but not necessarily strategically painful. and that's why they call for leader shin. lead ir ship, which we've heard has been lacking in this context, is about two things. leadership is not only about making smart, strategic decision, but it's about making tough choices. and i hoech we hope we see that
deficit and debt reduction that has to have a very serious, calculated plan and program approach to it. that is not sequestration. the room for error in the defense industry is actually much smaller than many people a few years ago would have told you. >> i'll end on three quick points. first, december piet a real diversity of folks on different panels, there has been a fair census around and the main one being the insanity of the predicament that we have placed ourselves into. placed...
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Aug 31, 2012
08/12
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the deficits keep growing. so, it looks like a herculean task. what does mitt romney have to do to make this addressable and necessary to address now. >>guest: it is difficult. a lot of americans look back at the bush years and they see the $5 trillion of additional debt if those eight years, and the problem with obama, they have been attacking bush for adding $5 trillion to the debt in eight years and obama added $5 trillion in four years. you have to have a break from the past. paul ryan did that, that was the moment in the speech that he gave on wednesday night when he said, look, we will make up for not jut the sins of the obama years but the previous period when we were in power, republicans were in power and they did nothing about the deficit and it want up. that's the key connection republicans have to make, to say, look, we learned from our mistakes. >>neil: you just hit on it. a point that jeb bush, the former governor of florida, big star, he acknowledged that republicans screwed up on the spending and he was getting long in the tooth o
the deficits keep growing. so, it looks like a herculean task. what does mitt romney have to do to make this addressable and necessary to address now. >>guest: it is difficult. a lot of americans look back at the bush years and they see the $5 trillion of additional debt if those eight years, and the problem with obama, they have been attacking bush for adding $5 trillion to the debt in eight years and obama added $5 trillion in four years. you have to have a break from the past. paul...
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Aug 24, 2012
08/12
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he said he cut the deficit in half. he had the congress and nancy pelosi and harry reid and got everything he wants passed. $5 trillion in debt. hundreds of thousands fewer americans working -- >> he got no support from any. >> sean: he got everything he wanted passed. >> conservative democrats who said we can't support this. we want less. he has less of what he wanted. he compromised. no compromise came from the right. >> sean: i don't know why i like you. i don't know why i like you. i'm going to show you what a hypocrite he is. >> if you don't have fresh ideas you use stale tactics to scare voters. if you don't have a record to run on you paint your opponent as someone people should run from. >> i don't think mitt romney realize hass he has done to any one and further more, i don't think mitt romney is concerned. >> i don't know the facts of when joe's wife got sick or died but i do know the facts of what mitt romney did with gs steel. >> if you don't have any fresh ideas you use stale tactics to stair voters. ♪ >>
he said he cut the deficit in half. he had the congress and nancy pelosi and harry reid and got everything he wants passed. $5 trillion in debt. hundreds of thousands fewer americans working -- >> he got no support from any. >> sean: he got everything he wanted passed. >> conservative democrats who said we can't support this. we want less. he has less of what he wanted. he compromised. no compromise came from the right. >> sean: i don't know why i like you. i don't know...
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Aug 4, 2012
08/12
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exploit the tax code are killing the middle class because that means their taxes have to be higher or the deficit has to go higher. and neither one of these are good news for the american public or for the american taxpayer. >> yeah, i know some brothers who think the ira might stand for individual reparations accounts when you get that kind of dough. congressman george miller, thank you so much. >> thank you. >>> remember to answer tonight's question there at the bottom of the screen, and share your thoughts on twitter at ed show and on facebook. we want to know what you think. >>> coming up, today's job numbers are out and they were much better than expected. president obama and mitt romney disagree on how to qualify the jobs numbers, so we have steve joining us next. building pass, corporate card, verizon 4g lte phone. the global ready one ? yeah, but you won't need... ♪ hajimemashite. hajimemashite. hajimemashite. you guys like football ? thank you so much. i'm stoked. you stoked ? totally. ... and he says, "under the mattress." souse le matelas. ( laughter ) why's the new guy sending me em
exploit the tax code are killing the middle class because that means their taxes have to be higher or the deficit has to go higher. and neither one of these are good news for the american public or for the american taxpayer. >> yeah, i know some brothers who think the ira might stand for individual reparations accounts when you get that kind of dough. congressman george miller, thank you so much. >> thank you. >>> remember to answer tonight's question there at the bottom of...
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Dec 27, 2012
12/12
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FBC
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medicaid deficit finance right now. those are key parts of a safe bet that we'll b will be fallinr their own financial weight unless they are fixed. what we really have to do on behalf of the next generation. gerri: they want to raise the debt ceiling again, as a matter of fact by monday we will be out of dough. it is unconscionable to me we are in this position again. let's remember what happened last time. the market sold off, the economy went into the tank. will that happen all over again? >> i think it is a serious possibilities out like to make that they don't mix the debt ceiling in with the fiscal cliff. we have to get to next without a self-inflicted recession and take on the debt ceiling which a symptom of the national debt. if we can deal with the national debt, we can get a deal on the debt ceiling. but that is a lot of work. gerri: the war of words going on is not helping. harry reid saying it is republicans fault and somebody from boehner's office said harry reid has to talk less and legislate more. it is c
medicaid deficit finance right now. those are key parts of a safe bet that we'll b will be fallinr their own financial weight unless they are fixed. what we really have to do on behalf of the next generation. gerri: they want to raise the debt ceiling again, as a matter of fact by monday we will be out of dough. it is unconscionable to me we are in this position again. let's remember what happened last time. the market sold off, the economy went into the tank. will that happen all over again?...
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Jun 17, 2012
06/12
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this president has amassed $1 trillion plus deficit each of the last four years. you look at his plan for america, it continues to increase. he cannot continue that. we passed a budget -- twice now -- that would get us on a path to balancing the budget and paying off our debt. we did sell a closing the loopholes. many of the loopholes we believe are appropriate to end by bringing down the rates of taxes by broadening the base so that we can increase revenue and gross out there in the economy. that's the way to get this economy rolling again. >> you believe that it has to be revenue neutral and it can't add anything as the cbo does these projections? >> i'm unaware of any reasonable economist who will tell you that what washington has too little love of money. what we have too much of in washington is spending. there are a lot of things that the federal government is doing for misspending standpoint that just needs to stop. the american people know this. we borrow 40 cents on every $1 spent. you cannot continue that. families cannot do that. businesses cannot do th
this president has amassed $1 trillion plus deficit each of the last four years. you look at his plan for america, it continues to increase. he cannot continue that. we passed a budget -- twice now -- that would get us on a path to balancing the budget and paying off our debt. we did sell a closing the loopholes. many of the loopholes we believe are appropriate to end by bringing down the rates of taxes by broadening the base so that we can increase revenue and gross out there in the economy....
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Aug 21, 2012
08/12
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>> [applause] >> first you got to end the deficit, and then start accumulating, if you will, reserves and growing. that's what we did -- well, most states figure out how to do this, they balance their budget. in my state, i came in, we had about a $3 billion budget gap, we balanced the budget and began building a rainy day fund that was over $2 billion when i left. that's how do you it. what do we do here. i have three things i would do to, one, get rid of the deficit and let me tell you how we're going to start pulling down the debt. three approaches: number one, we're going to get rid of programs we don't need. my test is this. i look at every program and say is this so critical as program it's worth borrowing money from china to pay for it. on that basis we're going to get rid of programs like omabacare and some others. number two, we're going to take a lot of programs and send them back to the states where they can be run more efficiently and with less fraud and abuse. >> and number three, we're going to skinny down the size of the federal work force that remains with attrition to
>> [applause] >> first you got to end the deficit, and then start accumulating, if you will, reserves and growing. that's what we did -- well, most states figure out how to do this, they balance their budget. in my state, i came in, we had about a $3 billion budget gap, we balanced the budget and began building a rainy day fund that was over $2 billion when i left. that's how do you it. what do we do here. i have three things i would do to, one, get rid of the deficit and let me...
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Dec 6, 2012
12/12
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that probably means it will go to the deficit. as you know they are having a hard time right now finding other things to cut in terms of spending. so while there are people who need it, that's going to be another major issue moving forward. how the federal government will spend about $50 billion when right now we are pretty much broke, neil. >> incredible. they know it is a nonstarter. do they not care? >> it is probably going to end up, as you know, you have seen this before, folded into the rest of the negotiations. you are right. there will be p republicans objecting. some said we don't need budget offset. there are republicans saying yes we do. it will probably end up getting rolled into the broader fight over the fiscal cliff. it is unlikely they will get pay fors. >> ed henry, thank you very much. the super hero versus the dancer. we are both trying to save the nation's debt mess. does allen have me beat? ♪ >>> we could be on the verge of breaking a major log jam in the united states senate. you are looking at harry reid a
that probably means it will go to the deficit. as you know they are having a hard time right now finding other things to cut in terms of spending. so while there are people who need it, that's going to be another major issue moving forward. how the federal government will spend about $50 billion when right now we are pretty much broke, neil. >> incredible. they know it is a nonstarter. do they not care? >> it is probably going to end up, as you know, you have seen this before,...